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Unveiling the Sci-Fi Spectacle: NextCypher's "Deathlands" Directed by Jonathan Frakes

Jeff Garzik's production company, NextCypher, has enlisted the talents of Star Trek's Jonathan Frakes to direct an adaptation of the sci-fi novel Deathlands. Frakes, known for his role as Commander Riker on Star Trek: The Next Generation, brings his experience as a veteran director who has worked on TV shows like Star Trek: Strange New Worlds, Star Trek: Picard, and Leverage: Redemption to this project. Garzik expressed his excitement by stating that he was "incredibly humbled and blessed" to have Frakes on board. Key Points: Deathlands Adaptation: Based on a series of novels by James Axler and Jack Adrian, Deathlands follows a group of survivors navigating a post-apocalyptic world using teleportation technology. Garzik described the show as a blend of "Mad Max meets AI meets the monsters from Tremors." Refreshed Adaptation: Garzik highlighted that the TV series offers a modern take on the original post-Cold War, post-nuclear war scenario presented in

Publicly Traded Crypto Funds Absorb $61 Million in New Capital: A Boost for Bitcoin ETF Hopes

Publicly traded crypto funds worldwide experienced a significant influx of capital on Monday, with over $61 million being invested. This amount accounted for more than 10% of all net deposits into crypto funds since the beginning of the year. The majority of the new capital was funneled into Bitcoin funds, as investors eagerly await the approval of a spot Bitcoin ETF in the U.S. market. Germany and Canada were the primary sources of these inflows, with very little coming from the U.S. at this time.

BTC-Based Funds Dominate Inflows

Of the $61 million invested on Monday, $57 million went into BTC-based funds, indicating a strong preference for Bitcoin among investors. Solana (SOL) also received a significant amount of investment, with $5.7 million flowing into the cryptocurrency. This surge in capital is a positive sign for the crypto industry, as it demonstrates continued interest and confidence in Bitcoin as a long-term investment.

Germany and Canada Lead the Way

The majority of the inflows came from Germany and Canada, both of which have recently launched spot Bitcoin ETFs. These funds allow investors to directly redeem shares for a fixed portion of underlying Bitcoin, providing a more accessible and regulated way to invest in the cryptocurrency. Germany's ETC Group saw $24.3 million of inflows to its crypto products, while Canada's Purpose Investments, the world's first Bitcoin ETF provider, received $10.9 million. 21Shares AG, another major player in the crypto fund space, absorbed an additional $11.8 million.

U.S. Investors Still Waiting for Spot Bitcoin ETF

Despite having access to BTC-based investment vehicles, U.S. investors are still awaiting the approval of a spot Bitcoin ETF that offers 1:1 exposure to Bitcoin. Currently, funds like Grayscale (GBTC) do not directly track Bitcoin's price, and the ProShares Bitcoin Strategy ETF (BITO) only offers exposure to Bitcoin futures. James Butterfill, Head of Research at CoinShares, suggests that the lack of activity in the country's existing products on Monday may be the reason for the delay in approval. He believes that U.S. investors are waiting for a physical Bitcoin ETF and are hesitant to invest in the current offerings.

Competition Heats Up for Spot Bitcoin ETF

Both Grayscale and 21Shares are competing to launch a spot Bitcoin ETF, along with other major funds. On Monday, the Court of Appeals ordered the Securities and Exchange Commission (SEC) to review Grayscale's previously denied application, adding further excitement to the race. The approval of a spot Bitcoin ETF in the U.S. market would provide investors with a more direct and regulated way to invest in Bitcoin, potentially attracting even more capital to the industry.

In conclusion, the crypto industry experienced a significant influx of capital on Monday, with over $61 million being invested in publicly traded crypto funds worldwide. The majority of these funds were funneled into Bitcoin, indicating strong investor interest in the cryptocurrency. Germany and Canada led the way in terms of inflows, thanks to their recently launched spot Bitcoin ETFs. U.S. investors are still waiting for a spot Bitcoin ETF that offers 1:1 exposure to Bitcoin, and competition is heating up among major funds to be the first to launch such a product. The approval of a spot Bitcoin ETF in the U.S. market would be a major milestone for the industry and could attract even more investment in the future.

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